NO PROPERTY RIGHTS FOR WANG, ISLANDERSNassau still owns development beyond new arena

9:45 am: So there can be no misunderstanding, Charles Wang’s representatives this week included an amendment in the lease agreement with Nassau County. The county retains all development rights to the property beyond any potential new arena. The Islanders do not have the development rights. If there is any development, a parking garage for event attendees must be part of it.

This is worth repeating: Charles Wang and the Islanders do not have any development rights outside of the scope of a prospective new arena.

“The fact is, we never had development rights,” Islanders senior VP Michael Picker told Point Blank this morning. “This amendment just makes it explicitly clear.”

Asked if the amendment will satisfy the Association For A Better Long Island, the developers’ group adamantly opposed to Wang’s deal with Edward Mangano for a new arena, Picker declined to comment.

But another source close to the arena deal offered little hope that the changes will appease the opposition: “Nothing will satisfy ABLI.”

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